Consumer Spending Rose Weakly in February

The Trump team administering economic shock therapy

Also in today’s newsletter, government spending hit a record high last month

Financial Times - 5d

Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

The Trump administration is aiming for a "smooth transition" as it looks for ways to cut government spending.

CNBC - 5d

Rayner and Cooper criticised cuts in ‘tense’ UK cabinet meeting

‘Large minority’ of ministers protested about planned spending reductions in their own departments

Financial Times - 4d

Marlins reportedly think they found a CBA loophole against MLBPA criticism over low payroll

The CBA mandates that revenue-receiving teams spend 150% of the funds they're awarded

CBS Sports - 18h

No one knows why UK benefit claims have outpaced peer countries

Asking why might well result in answers that involve spending more money

Financial Times - 2h

Starting the day with a healthy breakfast is becoming a pricey luxury

The rise in costs comes as consumers signal that they are increasingly tapped out and worried about the impact of potential tariffs on the economy.

CNBC - Mar. 8

The right-to-repair movement is growing as wins stack up

But six states have passed right-to-repair laws, protecting consumers’ abilities to repair or modify their products.

NBC News - Mar. 9

Joan Dye Gussow, Pioneer of Eating Locally, Is Dead at 96

An indefatigable gardener, she was one of the first nutritionists to emphasize the connections between farming practices and consumers’ health.

The New York Times - Mar. 9

Inflation Data Test May Rock Unsteady Stock Market

The U.S. consumer price index report could generate concerns if inflation is still simmering.

Inc. - Mar. 9

Champagne and Parmigiano under threat from Trump’s tariffs

Producers warn Europe’s finest foods and wine could become unaffordable for ordinary US consumers

Financial Times - Mar. 10

Here's why banks don’t want the CFPB to disappear

The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.

CNBC - Mar. 10

Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower

Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.

CNBC - Mar. 10

Dick's Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

Dick's Sporting Goods issued weak guidance for 2025 as consumers contend with tariffs, persistent inflation and fears around a potential recession.

CNBC - Mar. 11

Key inflation data set to be released tomorrow. Here's what to expect.

Consumer Price Index data on Wednesday will give Americans, and the Federal Reserve, another readout on inflation.

CBS News - Mar. 11

Japan struggles to adapt to an era of rising prices

The return of inflation was meant to restore a more ‘normal’ economy. But it has been a bumpy ride for both consumers and companies

Financial Times - Mar. 12

Europe, Canada retaliate as Trump tariffs on metals take effect

Ursula von der Leyen, president of the European Commission, said in a statement that the EU "must act to protect consumers and business."

ABC News - 6d

Is the U.S. heading for a recession? Here's what economists say.

Consumers, businesses and investors are increasingly jittery about the risks of a protracted slump. So what exactly is a recession?

CBS News - 6d

Trump’s tariff fight may be making this early recession signal go haywire

Bonds issued by retailers with “junk” credit ratings have been hit by selling as consumer confidence falls, but the selloff isn’t widespread

MarketWatch - 6d

Would $50 oil really be good for the US?

Bosses warn potential consumer benefits would be offset by squeezed domestic shale industry

Financial Times - 6d

Dollar General says lower-income customers shouldn’t expect any relief from high prices this year

The average transaction amount increased amid growth in consumables, which includes food, while traffic declined.

MarketWatch - 5d

Tariffs to add as much as $10,000 to the cost of the average new home, trade association says

"The tariffs act as a tax on American builders, home buyers and consumers," the National Association of Home Builders said.

CNBC - 5d

Is a US recession inevitable?

Trump’s on-again, off-again trade war is creating market uncertainty and sending consumer confidence plummeting

Financial Times - 5d

What alcohol would cost more under 200% Trump tariff?

Experts say President Donald Trump's proposed tariff on European Union alcohol would be disruptive to the U.S. market and consumers.

The Hill - 5d

Democrats: Defend the rule of law, not oligarchs

Enforcing the laws on behalf of consumers, workers and small businesses isn’t just the right thing to do — it is also a powerful political signal.

The Hill - 4d

Why America is obsessed with eggs

The rise in egg prices unnerves consumers and makes us question the wider economic environment.

MarketWatch - 3d

The C.F.P.B. Remains Alive as the Trump Administration Tries to Shut it Down

Court orders have paused, and at times reversed, the Trump administration’s efforts to shut down the consumer watchdog agency.

The New York Times - 3d

'See you in four years': Canada flexes economic muscle as tariff negotiations continue

Trump's plans for tariffs and comments about Canada becoming a state has enraged the country's consumers and politicians.

CNBC - 1d

More Americans expect credit applications to be rejected, NY Fed finds

Nearly 9% of consumers last month reported needing credit but not applying for it out of fear of being denied.

CBS News - 1d

Muse unveils wearable that combines brainwave tracking and brain oxygen measurements

Muse by Interaxon, a neurotechnology startup, unveiled Muse S Athena, a consumer wearable that can deliver advanced cognitive fitness insights.

VentureBeat - 23h

Angel Reese will miss her team's Unrivaled semifinal matchup due to a hand injury

Angel Reese will miss her team's Unrivaled semifinal matchup on Sunday because of a hand injury, the league announced Saturday. Reese, who has played for Rose BC during the inaugural season of the ...

Yahoo Sports - 3d

BYD shares rise as Chinese EV maker unveils 5-minute charge

Shares of BYD, the world’s largest electric-vehicle maker by deliveries, rose on Tuesday after the Chinese company said it’s rolling out a system that will recharge a vehicle in about the same time ...

MarketWatch - 1d

Bay Area musician connects to his roots with a West African instrument

Amid Black History Month celebrations in February, some local musicians say they are finding more opportunities at various venues to share their work and stories.

CBS News - Mar. 3

How Trump’s ‘51st State’ Canada Talk Came to Be Seen as Deadly Serious

President Trump, in an early February call, challenged the border treaty between the two countries and told Justin Trudeau he didn’t like their shared water agreements.

The New York Times - Mar. 7

Prince Frederik of Luxembourg dies at 22 from rare mitochondrial disorder

Frederik de Nassau died on March 1, in Paris, a day after internationally recognized Rare Disease Day, which takes place on the last day of February.

CBS News - Mar. 9

Stocks Fall Further on Trump’s Latest Tariff Talk

The S&P 500 is nearly 10 percent below its mid-February record — approaching a symbolic milestone known on Wall Street as a correction.

The New York Times - Mar. 11

Why you should open a $5,000 long-term CD now that inflation's falling again

Inflation fell in February for the first time since September. Here's why a $5,000 long-term CD could be worth opening now.

CBS News - 6d

DeAndre Hopkins: I didn't think teaming up with Lamar Jackson, Derrick Henry was a possibility

When wide receiver DeAndre Hopkins agreed to a deal with the Ravens this week, many people dusted off a tweet of his from February 2020.

Yahoo Sports - 4d

'Double down on what I’m doing': Rory McIlroy wins Players, sets sights on big 2025 season

With a win in February at the AT&T Pebble Beach Pro-Am, McIlroy has won twice on U.S. soil in a calendar year for the first time before the Masters.

Yahoo Sports - 1d

2-year yield ends at highest in over 2 weeks as traders assess stagflation risk

Yields on U.S. government debt finished mixed on Monday after February retail sales came in below expectations and raised continued questions about the strength of the economy.

MarketWatch - 1d

Wholesale egg prices have 'plunged,' analyst says — shoppers may soon see some relief

Prices in the wholesale egg market have fallen more than 40% since late February. It may take a few weeks for retail prices to catch up.

CNBC - 1d

Latest in Consumer Spending Rose Weakly in February

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